Paul Centopani is an editor for National Mortgage News. Prior to joining Arizent, he worked as an editor at a private equity publication and freelances as a sports writer in his spare time. Paul grew up in Connecticut, graduated from THE Binghamton University and now resides in Chicago after seven years as a New Yorker.
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Here's a look at the 12 cities with the biggest gap between the current wages needed to buy a home and the historical average, a sign a housing bubble might be brewing.
October 4 -
While digital expansion of the mortgage application process increases convenience, it inherently comes with the downside of heightened fraud risk.
October 3 -
If California voters approve Proposition 10 in November, the ramifications will be felt on the state's affordable housing, according to the Mortgage Bankers Association.
October 2 -
As more sellers lower their asking prices and competition eases, the share of homes sold above their listing keeps declining, according to Redfin.
October 1 -
Rising home prices and the depleted housing inventory led to another drop in pending home sales, according to the National Association of Realtors.
September 28 -
Millennials make up the largest constituent group for both homebuyers and sellers, which could put a squeeze on lending and eventually shift the market.
September 28 -
As home prices continue to rise, a record-high 77% of people surveyed think it's currently a strong time to sell a house, according to the National Association of Realtors.
September 26 -
Florence's flooding and wind destruction affected about 700,000 residential and commercial properties across North Carolina, South Carolina and Virginia, according to CoreLogic's latest estimates.
September 25 -
The mortgage delinquency rate dropped to its lowest level in over 12 years, but servicers should expect an increase following the impact of Hurricane Florence, according to Black Knight.
September 24 -
As mortgage rates jump and housing inventory rises, over a quarter of all home listings dropped their price in the past month, according to Redfin.
September 21